According to a Forbes report, DeFi asset management and risk analysis company Gauntlet announced the completion of a $125 million funding round, led by Japanese financial giant SBI Holdings. Founded by Tarun Chitra, Gauntlet focuses on providing digital asset allocation management and risk control services for institutions and crypto enterprises. With this funding, Gauntlet will leverage SBI Holdings' resources to further expand its professional capabilities and market coverage in digital asset allocation. Gauntlet previously raised a $24 million Series B round in 2022, led by Ribbit Capital, at a $1 billion valuation.

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